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Jan 5, 2013 7:00am PST
credit earned for five years. and back to the table, matt welch, and carmen wong ulrich, and jamal simmons and kerstin semina, new congresswoman of arizona. and so the deal is quite progressive in terms of the taxing, and when we look at the chart, it shows us that it is going to be tiny tax increases for those who make the least, and massive increases for those who make the most? is it a good deal? >> well, sort of. you mentioned the lower income americans, but the middle income and the upper middle income americans dodged a huge bullet and it is not talked about a lot. the amt tax and if that patch had not been put in there permanently, it would be 3 million american, because back when this was built in the '70s if you made $75 a year, you were rich and a family making $100, you were rich and we know that is not the case today, but the amt applies to that, and if not the case, another 300 million americans would have had to pay $3,800 in taxes and for the rest of us caught in, this it is a real expensive way to get taxed and the fact that it is patched up is a really big deal. >>
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